All organizations need to adopt a cybersecurity framework. EU and U.S cyber regulation significantly increases board legal and compliance risk, by requiring Financial Services organizations to adopt cybersecurity risk management, that is a paradigm shift from cybersecurity. Fortunately many FIs…
All sectors of the economy rely on manufacturing. Yet manufacturing is likely one of the least prepared sectors for the implementation of cybersecurity risk management and regulation. Manufacturers spend less on cyber, find it harder than most to secure funding…
All CNI sectors rely on manufacturing, manufacturers that have for many years created efficient ‘Just in Time’ lean, global supply chains. Supply Chains that have been been demonstrated susceptible to cyber attacks. Factors including the cost of cyber compliance, access…
Cyber attacks resulting from third party suppliers poor cyber are one reason regulators are focusing on the ICT industry and the role it has in cybersecurity risk management. The list of companies affected by the GoAnywhere security issue is a…
The rating Agency AM Best review of the London Insurance Market makes some interesting observations. It highlights the challenges ahead for the London Insurance Market that are likely given the economic pressures with rising interest rates and inflation. The ability…
I fear that Australia is playing cyber catchup with other jurisdictions and that we are seeing the concentrated the effects of attacks on a small country dependent on digital. Ted Dziekanowski Stephen Pitt-Walker, JD, FGIA #cyberattacks #cyberriskmanagement #cybersecurity #governance View…
The debate around the Latitude bank hack continues, with a fair and obvious point. If the data was stolen from third party suppliers, the responsibility for managing risk may be transferred to third party suppliers, the accountability for managing the…
Working with organization to implement cybersecurity risk management would be profitable for the insurance industry. It would enable cyber insurers to build the repository of data needed to adequately underwrite cyber, in near real time. Additionally cyber regulation will require…
Thank you Stephen Pitt-Walker, JD, FGIA, there is a metaphor about gambling in here. One wonders the next steps for the Australian government, with the number of cyber attacks facing the country. #cybersecurity #cyberriskmanagement #cyberattacks #cyberlaw View Original Post
One was pleased to see that the U.S National Association of Corporate Directors (NACD) published their ‘Directors Handbook on Cyber-Risk Oversight’ last week. Recognizing the need for corporate boards to adopt a 3 Line of Defence (LoD) Model for the…
